The Smart Gas Global Market Report 2023, provides comprehensive information on the smart gas market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Smart Gas Global Market Report 2023, the market size is expected to grow from $21.30 billion in 2022 to $24.47 billion in 2023 at a compound annual growth rate (CAGR) of 14.87%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart gas market size is expected to reach $43.29 billion in 2027 at a CAGR of 15.32%.
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Technological advancements are a key trend gaining popularity in the smart gas market. Major companies operating in the smart gas market are adopting new technologies to sustain their position in the market. For instance, in July 2022, Hestan Cue, a US-based manufacturer of smart cookware products, launched Hestan Smart Gas burner, a new smart gas technology that automatically adjusted to the proper degree for precision gas cooking by temperature monitoring. It features Bluetooth technology and unique inbuilt culinary sensors that adjust the cooking temperature automatically once the AccuKnob on the hob is set to the right degree and offers a high-performance dual-flow gas system that heats in 25-degree increments from 100 to 500 degrees Fahrenheit.
The smart gas market is segmented:
1) By Device: Automatic Meter Reading (AMR), Advanced Meter Infrastructure (AMI)
2) By Solution: Supervisory Control And Data Acquisition (SCADA), Geographical Information System (GIS), Enterprise Asset Management, Mobile Workforce Management (MWM), Meter Data Analytics, Gas Leak Detection, Meter Data Management (MDM)
3) By Service: System Integration, Program Management, Installation
4) By End-User: Commercial And Industrial, Residential
North America was the largest region in the smart gas market in 2022.
The table of contents in TBRC’s smart gas market report includes:
1. Executive Summary
2. Smart Gas Market Characteristics
3. Smart Gas Market Trends And Strategies
4. Smart Gas Market – Macro Economic Scenario
5. Smart Gas Market Size And Growth
…………………………………………………..
26. Africa Smart Gas Market
27. Smart Gas Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Gas Market
29. Smart Gas Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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